Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Azimuth Capital Investment Management LLC

Azimuth Capital Investment Management LLC cut its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 96,643 shares of the semiconductor company’s stock after selling 1,075 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $19,086,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new position in Taiwan Semiconductor Manufacturing during the 4th quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Taiwan Semiconductor Manufacturing in the fourth quarter valued at approximately $26,000. Hopwood Financial Services Inc. purchased a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $27,000. Roxbury Financial LLC acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 4th quarter worth approximately $29,000. Finally, Nemes Rush Group LLC lifted its stake in Taiwan Semiconductor Manufacturing by 1,810.0% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 181 shares in the last quarter. 16.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TSM shares. Barclays upped their price objective on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $225.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Taiwan Semiconductor Manufacturing currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Taiwan Semiconductor Manufacturing Price Performance

TSM opened at $140.74 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 1 year low of $125.78 and a 1 year high of $226.40. The company’s 50 day simple moving average is $183.14 and its 200 day simple moving average is $191.63. The stock has a market capitalization of $729.94 billion, a PE ratio of 19.99, a P/E/G ratio of 0.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.30 and a current ratio of 2.57.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings data on Thursday, January 16th. The semiconductor company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a return on equity of 30.47% and a net margin of 40.51%. As a group, sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.2 EPS for the current year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.6855 per share. This represents a $2.74 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.55. Taiwan Semiconductor Manufacturing’s dividend payout ratio is 30.68%.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.